3775 Market St 8,393 SF 73% Leased Office Building Ventura, CA 93003 $3,179,750 CAD ($378.86 CAD/SF) 6.15% Cap Rate

3775 Market St, Ventura is a freestanding multi-tenant industrial building with significant tenant improvements supporting water treatment use. Rayne Water (https://www.raynewater.com/), occupies the entire ground floor and yard. They renewed for five years in June 2025. The second floor (Unit B) is leased to The Merito Foundation (https://www.meritofoundation.org/) and Blue Ocean Productions (https://www.blueoceanproductions.com/). Recent building improvements include second floor patio waterproofing, new landscaping, second floor gated entry, new second floor HVAC, and second floor office build-out. Upcoming building improvements include a new roof coating by 2026 & new concrete yard (will be completed by Rayne Water).
A rare opportunity to purchase one of the few multi-tenant M1 Industrial Buildings in the City of Ventura with secured yard. 3775 Market Street, Ventura is an approximately 8,427sf industrial building (built 1984) on 18,702sf lot and is located on the corner of Fleet Ave and Market St with close proximity to the 101 Freeway and 126 Highway. There are numerous surrounding amenities including restaurants, retail and financial institutions. The M1 zoning is a flexible industrial zoning allowing for a number of uses not permitted by right in the more restrictive MPD zoning (Buyer to complete their own investigations with the City of Ventura).